Easterly Properties Secures New $400M Credit and Corrects Accord Capacity

An announcement from Easterly Government Properties (DEA) is now available.

Easterly Government Properties, Inc. has entered into a new $400 million senior unsecured revolving credit facility, with potential expansion up to $700 million, arranged by Citibank and other financial institutions. This new agreement includes flexible interest rate options and is accompanied by customary financial covenants. Concurrently, the company prepaid and terminated its previous $450 million credit line under a 2021 agreement, while a $200 million term loan from 2018 remains active. An initial press release mistakenly stated the accordion feature’s capacity, which has since been corrected to reflect the true maximum borrowing potential.

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